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Today’s AI Secret:

• Daily Trending & Featured AI.

• AI fever fuels bull market.

• Bill Gates trusts startups making robots a reality.

• GenAI Boom can’t happen without ASML, CEO Wennink Says.

• More AI Quick Heats.

Read Time: 3-5 minutes

SECRET AI

Daily Trending AI.

Secret Featured AI.

SECRET HIGHLIGHT

AI fever fuels bull market.

The remarkable expansion in market capitalization and business growth among leading companies, particularly Microsoft and Alphabet Inc., points to a key development in enterprise: AI is a central force in shaping the economic landscape.

Further Observations::

• S&P 500 at Unprecedented Levels: The record-breaking heights reached by the S&P 500 since October 2022 demonstrate the bull market's resilience, with AI significantly contributing to this vigor.

• AI's Role in Nvidia's Success: Nvidia has seen its stock prices skyrocket due to its concentrated efforts on AI technologies.

• The Rise of Microsoft's Market Value through AI: Microsoft's rise to almost a $3 trillion market cap, even though it has slightly receded, serves as a demonstration of investor belief in the transformative capabilities of AI. This achievement, driven by Microsoft's investment in AI and its collaboration with OpenAI, underscores the potential of AI to boost corporate earnings and enhance market standing.

• Alphabet Inc.'s Stocks Climbing on AI Progress: The climb in stocks for Alphabet Inc., spurred by excitement around its AI projects, reflects a wider optimism in the finance community. This upward movement confirms that AI developments are solidifying investor confidence and revolutionizing how the market is viewed.

The S&P 500 has seen pronounced gains since October 2022, with the strengthening of AI-focused tech stocks contributing to this bullish phase.

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SECRET HIGHLIGHT

Bill Gates trusts startups making robots a reality.

Bill Gates trusts that AI has progressed beyond merely copying how humans think. Now, AI can generate ideas, perform calculations, process information, make decisions, recognize patterns, and keep learning, much like people do.

Gates' Perspectives:

• AI Advancements vs. Physical Robotics: Gates starts by noting the rapid advancements in AI, capable of tasks like decision making and learning, and contrasts this with the slower progress in robotics, especially in achieving human-like physical abilities such as walking and gripping.

• Challenges in Mimicking Human Movement: He emphasizes the surprising difficulties in replicating human physical movements in robots, despite the technological advancements, highlighting that robots still struggle with tasks that require human dexterity and mobility.

• Potential and Diverse Applications of Robotics: Gates explores the wide-ranging applications of robotics, from aiding in natural disasters and health crises to agriculture and manufacturing. He discusses the potential of robots to undertake tasks that are dangerous, tedious, or undesirable for humans, while also considering the implications for employment and the economy.

Gates Highlights Some Robotics Startups:

• Agility Robotics has developed Digit, a human-sized robot for logistics that can handle heavy loads and reach high places.

• Tevel created flying autonomous robots for agriculture that can pick fruit 24/7 and gather harvest data.

• Apptronik is developing versatile humanoid robots like Apollo that can perform a variety of tasks and learn new ones through software updates.

• RoMeLa at UCLA is enhancing robotic mobility with ARTEMIS, a robot that can navigate difficult terrain and keep balance, participating in events like RoboCup 2023.

• Field AI focuses on developing AI software that allows robots to perceive environments, navigate without GPS, and communicate with one another.

SECRET HIGHLIGHT

GenAI Boom can’t happen without ASML, CEO Wennink Says.

ASML Holding NV's CEO, Peter Wennink, says that the company is critical to the artificial intelligence (AI) boom. He explains that AI technologies need a lot of computing power and storage, which ASML's machines provide.

Key Elements:

• ASML experienced a significant increase in orders, with a tripling in the last quarter compared to the previous one, leading to a surge in their stock value.

• The heightened interest in generative AI, particularly influenced by the release of ChatGPT, is propelling growth in the semiconductor industry.

• Despite the overall increase in orders, ASML faced a drop in demand from major clients like Taiwan Semiconductor Manufacturing Co. in 2023, attributed to economic headwinds.

• China has emerged as ASML's largest market as companies there strive to acquire lithography machines ahead of new export regulations in the Netherlands.

• The CEO has indicated that current US and Dutch export rules do not largely affect their business in China, which mostly involves older technology.

ASML reported a 30% increase in net sales for 2023, reaching €27.6 billion, but Wennink predicts stable growth for 2024 rather than the exceptional rise seen in 2023, with more significant success expected in 2025.

QUICK HEATS

Voltron Data has acquired Claypot to enhance AI capabilities - Voltron Data is acquiring real-time AI firm Claypot to bolster its modular data systems with streaming analytics capabilities, aiming to enhance use cases like fraud detection and personalization. The entire Claypot team will join Voltron, which plans to integrate Claypot's technology to offer both batch and real-time data processing using open standards.

Electricity demand seen doubling in three years - The International Energy Agency predicts global electricity demand, driven by data centers and AI, will more than double within three years, potentially exceeding Germany's entire energy consumption. Over 8,000 data centers worldwide are proliferating, especially in the US, Europe, and China.

Intel announces Q4 earnings - The company's Core Ultra chip line, featuring NPUs for local AI app running, hopes to spark PC sales as older pandemic-era devices get replaced. However, the practicality of onboard AI remains uncertain.

US National Science Foundation Launches National AI Research Resource Pilot - The U.S. National Science Foundation initiated the National AI Research Resource (NAIRR) pilot to democratize AI research tools, with contributions from NVIDIA and other federal, private, nonprofit, and philanthropic partners. This collective effort, including a $30 million commitment from NVIDIA, aims to enhance AI discovery and innovation while fostering U.S. competitiveness in the field.

World’s No 2 memory chip maker SK Hynix reports surprise profit - SK Hynix reports a surprise operating profit of $259 million for Q4, signaling a recovery in the memory chip sector. This bucks the trend of losses amid a market slump and reflects strong sales in AI-powered chips. The company will increase capital spending in 2024, mainly on high-bandwidth memory, as it expects rising demand for DRAM and NAND chips, driven by AI advancements and emerging services. This positive outlook aligns with the industry's forecast for a rebound in chip demand starting in 2024.

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